2 °c
London
Wednesday, April 14, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Economy

Exxon, Eni, Sasol win rights to explore Mozambique’s oil and gas reserves

FurtherAfrica by FurtherAfrica
October 28, 2015
in Economy, Energy, FDI, Gas, Infrastructure, Mozambique, Natural Resources
Reading Time: 1 min read
2
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Exxon Mobil, Italy’s Eni and South Africa’s Sasol have won bids to explore new blocks for fossil fuels in Mozambique and off its Indian Ocean coastline, a source told Reuters on Thursday.

The companies won the bids in Mozambique’s fifth oil and gas round issued by the Institute of National Petroleum (INP) to explore a total of 15 blocks in some 74,259 sq km.

The blocks on offer include three new areas of the northern Rovuma Basin, where Eni and U.S. oil major Anadarko Petroleum Corp are already developing multi-billion-dollar liquefied natural gas (LNG) export projects.

Mozambican officials expect more than $30 billion will be invested initially in the natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with first exports due to start in 2018.

The southern African nation is hoping revenue from its large natural gas deposits and its fledgling coal mining industry will help it emerge from years of poverty and aid dependence.

Source: Reuters

Related

Tags: AnadarkoENIExxonINPLNGMozambiqueNatural GasSasolモザンビーク
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Turkish Airlines inaugurates Maputo flights, increasing its destinations to Africa

Next Post

Rosneft – Exxon partnership won rights for three hydrocarbon blocks

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Farming

Zimbabwe: Tobacco farmers earn US$9M in 3 days

by Staff
April 14, 2021
Construction of US$4.5B Batoka Gorge Hydro-Electric Scheme to begin soon
Energy

Hydropower plant on Zambia-Zimbabwe border delayed due to Covid-19

by Staff
April 14, 2021
Angola: AIPEX records over US$3B in private investment
Angola

Angola: AIPEX records over US$3B in private investment

by Staff
April 13, 2021
Total signs agreements with Uganda on East Africa Oil Project
FDI

Total signs agreements with Uganda on East Africa Oil Project

by Staff
April 13, 2021
Mozambique

Mozambique: Gemfields generates first ruby revenue in 15 months

by Club of Mozambique
April 13, 2021
Next Post

Rosneft - Exxon partnership won rights for three hydrocarbon blocks

Construction of the port of Macuze, in Mozambique, due to begin in 2016

Mozambique eyes $212bn in LNG payments

Comments 2

  1. Avatar tsepo says:
    5 years ago

    It’s be a long time whiting four dat job beggin I hope will get job like I’m Crane operator

    Reply
  2. Avatar Gulamo Momade Gulamo says:
    5 years ago

    it be a long time for that job, i wil get a job like operator.

    Reply

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?